CLK. DISTRIBUTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CLK. DISTRIBUTION
Largest movements
- Cash -€14,843
down €14,843 (-65.8%), from €22,559 to €7,716
mainly Trade debts (-€17,849) and Receivables within one year (-€8,302)
- Receivables within one year +€8,302
up €8,302 (+92.9%), from €8,941 to €17,243
of which Trade receivables: +€5,758
- Financial fixed assets -€6,816
no longer reported in 2025 (was €6,816)
- Tangible fixed assets -€3,481
down €3,481 (-21.2%), from €16,455 to €12,974
of which Leasing and similar rights: -€3,630
- Deferred charges and accrued income -€2,580
down €2,580 (-79.4%), from €3,250 to €670
- Trade debts -€17,849
down €17,849 (-96.3%), from €18,528 to €679
- Accrued charges and deferred income -€6,087
down €6,087 (-89.0%), from €6,837 to €750
- Other debts +€5,284
up €5,284 (+3.6%), from €148,631 to €153,915
- Tax, wage and social debts -€2,578
no longer reported in 2025 (was €2,578)
- Gross operating margin -€46,155
down €46,155 (-56.3%), from €81,965 to €35,810
- Financial charges +€18,019
up €18,019 (+1452.0%), from €1,241 to €19,260
of which Non-recurring financial charges: +€17,637
- Depreciation -€5,770
down €5,770 (-57.5%), from €10,029 to €4,259
- Taxes +€5,370
new in 2025: €5,370
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,271 | €211,853 | -€19,418 | -8.4% |
| Fixed assets | 21/28 | €23,271 | €12,974 | -€10,297 | -44.2% |
| Tangible fixed assets | 22/27 | €16,455 | €12,974 | -€3,481 | -21.2% |
| Plant, machinery and equipment | 23 | €369 | €275 | -€94 | -25.5% |
| Furniture and vehicles | 24 | €352 | €595 | +€243 | +69.0% |
| Leasing and similar rights | 25 | €15,734 | €12,104 | -€3,630 | -23.1% |
| Financial fixed assets | 28 | €6,816 | - | -€6,816 | |
| Current assets | 29/58 | €208,000 | €198,879 | -€9,121 | -4.4% |
| Stocks and contracts in progress | 3 | €173,250 | €173,250 | = | 0.0% |
| Stocks | 30/36 | €173,250 | €173,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,941 | €17,243 | +€8,302 | +92.9% |
| Trade receivables | 40 | €8,941 | €14,699 | +€5,758 | +64.4% |
| Other amounts receivable | 41 | - | €2,544 | +€2,544 | |
| Cash at bank and in hand | 54/58 | €22,559 | €7,716 | -€14,843 | -65.8% |
| Deferred charges and accrued income | 490/1 | €3,250 | €670 | -€2,580 | -79.4% |
| Total equity and liabilities | 10/49 | €231,271 | €211,853 | -€19,418 | -8.4% |
| Equity | 10/15 | €54,697 | €56,509 | +€1,812 | +3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €775 | €775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €775 | - | -€775 | |
| Reserves not available under the articles | 1311 | €775 | - | -€775 | |
| Distributable reserves | 133 | - | €775 | +€775 | |
| Profit (loss) carried forward | 14 | €33,922 | €35,734 | +€1,812 | +5.3% |
| Amounts payable | 17/49 | €176,574 | €155,344 | -€21,230 | -12.0% |
| Amounts payable within one year | 42/48 | €169,737 | €154,594 | -€15,143 | -8.9% |
| Trade debts | 44 | €18,528 | €679 | -€17,849 | -96.3% |
| Suppliers | 440/4 | €18,528 | €679 | -€17,849 | -96.3% |
| Taxes, remuneration and social security | 45 | €2,578 | - | -€2,578 | |
| Taxes | 450/3 | €2,578 | - | -€2,578 | |
| Other amounts payable | 47/48 | €148,631 | €153,915 | +€5,284 | +3.6% |
| Accrued charges and deferred income | 492/3 | €6,837 | €750 | -€6,087 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,029 | €4,259 | -€5,770 | -57.5% |
| Other operating charges | 640/8 | €4,836 | €5,109 | +€273 | +5.6% |
| Gross operating margin | 9900 | €81,965 | €35,810 | -€46,155 | -56.3% |
| Operating profit (loss) | 9901 | €67,100 | €26,442 | -€40,658 | -60.6% |
| Financial charges | 65/66B | €1,241 | €19,260 | +€18,019 | +1452.0% |
| Recurring financial charges | 65 | €840 | €1,222 | +€382 | +45.5% |
| Non-recurring financial charges | 66B | €401 | €18,038 | +€17,637 | +4398.3% |
| Profit (loss) for the period before taxes | 9903 | €65,859 | €7,182 | -€58,677 | -89.1% |
| Income taxes | 67/77 | - | €5,370 | +€5,370 | |
| Profit (loss) for the period | 9904 | €65,859 | €1,812 | -€64,047 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,859 | €1,812 | -€64,047 | -97.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.